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In-Depth Look At CATL's Massive Battery Factory In Germany
The new factory will have capacity of 14 GWhannually, which is more than the 11.84 GWh that CATL sold in 2017.
CATL's sales in 2015 and 2016 was 2.19 GWh and 6.8 GWh.
Full-scale production could suffice for some quarter of a million of long-range electric cars.
The investment through 2022 is to be €240 million ($281 million). The plant is to be located on a 70-hectare site in the industrial area Erfurt Cross.
It's expected that besides BMW, CATL will supply batteries for Daimler and Volkswagen. The list of customers in China is much longer:
BAIC
SAIC
Geely
Changan
GAC
Great Wall
DFM
NIO
Yutong Bus
Zhongtong Bus
King Long Motor
CRRC